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Article: ADCB, FH sign AED 292 mn credit facility.
- Article from:
- WAM - United Arab Emirates News Agency
- Article date:
- May 19, 2009
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Abu Dhabi, 19th May 2009 (WAM) : Abu Dhabi Commercial Bank (ADCB) and Finance House PJSC (FH) have signed an AED 292 million Credit Facility Agreement, whereby ADCB extended a medium term loan, overdraft, and guarantee facilities to FH.
The credit facilities provided by ADCB shall help FH to leverage the incremental opportunity in the UAE market for funding its financing activities in the retail and small and medium enterprise (SME) sector.
Finance House is a public joint stock finance company based in Abu Dhabi, providing financing products and services to personal, corporate and Government clients and has been particularly active in supporting the SME ...